This Week in Fashion rounds up the week's style news, store openings and closings, pop-up shops, sales and upcoming fashion and design events in Toronto. Find it here every Wednesday morning.

NEWS

After a handful of renovations and expansions, it's safe to say Yorkdale is on a mission to become even bigger and better than ever. Last week, the shopping centre once again announced a number of new boutiques launching later this year. The impressive roster includes luxury brands Versace, Moncler, and Bulgari, as well as accessible retailers Forever 21 and Garage.

EVENTS

The Design Exchange (234 Bay St.)'s This Is Not A Toy exhibit is closing this Sunday (May 19) after an immensely successful four months. Guest-curated by Pharrell Williams, the exhibit features a collection of designer sculptures, figurines, and artworks by famed artists like Takashi Murakami. Of course, the exhibit won't go without a bang - This is Not A Work Party, the official closing event, will take place from 6pm until 9pm tonight (May 14). Enjoy good drinks, music, company and artwork by Corey Moranis while bidding farewell to a piece of contemporary culture. Tickets are available online at $20.95.

Addiction Apparel - a new men's underwear and swimwear brand aimed at Toronto's vibrant gay community - is launching tomorrow (May 15) at Erotico (461 Church St). Just in time for WorldPride, the student-run label produces skin-tight designs reminiscent of surfer gear - and the party hosts will be decked out in it! VIP packages are available online, and doors open at 9:30pm.

SALES

Unfortunately, Canadian retailer Jacob will soon be going under. All 92 of its stores will close in the next few weeks, meaning their remaining merchandise will be sold off at up to 50% off the retail price. Snag their reasonably-priced women's basics at any location (at even more reasonable prices) while you still can!

Photo by Jack Landau in the blogTO Flickr pool